Mohawk students are feeling the financial pinch like everyone else these days. A recent survey indicates that 45% of Mohawk College students say they need financial assistance in order to continue their studies. Increasing housing, grocery and travel expenses have forced more and more students into a position of financial insecurity as they try to pursue their college education.
In response, the Mohawk College Foundation has announced a matching-gift campaign with a goal to raise $110,000 for student supports at the college.
Leaders from Mohawk College and the Mohawk College Foundation have collectively pledged $55,000 for student support. On Giving Tuesday, they are appealing to college employees and the greater community to match that amount in an effort to raise $110,000 to support college students in need.
“For too many of our students, tuition, rent, food, child care, part-time work, transportation, and mental health challenges are impacting their studies and causing them to question their ability to continue their education,” — Lorna Somers, Executive Director of Mohawk College Foundation
Through this matching-gift appeal, donors can support students through the Transformation through Education Gift Catalogue. The online catalogue allows donors to provide students with funds for: college essentials (textbooks, tools, technology, etc.); housing expenses (rent relief, utilities, etc.); child support; nutrition; and more.
Each gift made on November 29 will be matched, up to $55,000, resulting in a $110,000 fund to support Mohawk College students.
Challenges facing students
• Almost 3 in 4 respondents said they were slightly worried (18%), worried (22%), or strongly worried (34%) about their finances. (1)
• Hamilton rental prices have increased 13.3% (1-bedroom) to 15.6% (2-bedroom) in one year (2)
• Food prices rose 10.1% year-over-year in Canada (3)
• Recent studies suggest more than 40% of post-secondary students say stress has affected their academic performance. Around 16% have seriously considered suicide. (4)
• 33% of Mohawk College students are the first in their families to earn a postsecondary education, breaking through generational barriers
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